Editor’s pick
Generative AI Will Play Role in Data Management says JP Morgan Chase Executive
Financial institutions are missing a valuable opportunity if they don’t harness the benefits that artificial intelligence (AI) can bring to data management. From accelerating and automating routine processes to mining value from huge data sets, established and generative AI have the potential to transform the way financial institutions use and organise their data, says JP...
Top Blogs
Wilshire Indexes Selects Alveo Data-as-a-Service for Corporate Actions Data Management
Wilshire Indexes, provider of a global benchmark platform that helps institutional investors, asset managers and retail intermediaries solve benchmarking, portfolio construction, and risk management challenges, has selected Alveo’s Data-as-a-Service (DaaS) solution for corporate actions data management. The Alveo solution sources, cross-references, compares and validates corporate actions from multiple data vendors. In case of discrepancies, the...
SmartStream Names Akber Jaffer as CEO
SmartStream Technologies has named Akber Jaffer as CEO. He replaces Haytham Kaddoura, who held the post for over seven years and now becomes an advisor and board director at the company. Jaffer has several years of experience working with start-ups and scaling software and technology businesses, and most recently spent a year as a freelance...
Automation Adds Efficiency to Corporate Actions Processing, But is Not a Sole Solution
Corporate actions processing is challenging, raises prospects of financial and reputational risk, and can be extremely time consuming. Getting it right is key to financial institutions and their clients, so how can these challenges be overcome? Is automation the solution or are there also more nuanced approaches that will help firms achieve not only accurate...
Latest briefs
Deutsche Börse Announces Final Tender Result for Takeover of SimCorp
Deutsche Börse has announced the final tender result for its public takeover of SimCorp. Including open market purchases, Deutsche Börse now holds approximately 94% of all SimCorp shares, excluding SimCorp’s treasury shares. The offer is expected to be settled and closed on 29 September 2023. Deutsche Börse will seek to initiate and complete a compulsory…
Brightwell Selects Duco’s Data Automation Platform
Brightwell, a defined benefit services provider, has selected Duco’s data automation platform as part of its target operating model transformation. The platform will be used in Duco’s investment operations department to replace an inflexible legacy system that was limiting the firm’s growth and will enable Brightwell to normalise data and consolidate reconciliations for FX, OTC…
China’s E Fund Expands Collaboration with Bloomberg
E Fund Management Co. Ltd., one of the largest fund management companies in China, has signed a Memorandum of Understanding to expand its collaboration with Bloomberg. The expansion will cover areas including financial information, technology and climate change, and is designed to assist E Fund in accelerating its global development. Xiaoyan Liu, co-chairman of the…
KX Adds kdb Insights and kdb Insights Enterprise to Google Cloud Marketplace
KX, a providers of vector and time-series data management, has announced the native availability of kdb Insights and kdb Insights Enterprise on Google Cloud Marketplace. This is a significant milestone in KX’s partnership with Google Cloud and will allow customers to accelerate AI, machine learning, IoT automation, and generative AI-powered applications on Google Cloud. Ashok…
SDX Adopts Digital Token Identifier
SIX Digital Exchange (SDX) had become the first private distributed ledger technology (DLT) based financial market infrastructure to adopt the Digital Token Identifier Foundation’s ISO 24165 Digital Token Identifier (DTI) standard. The DTI standard provides a unique identifier for digital ledgers, tokens, and cryptocurrencies, and has been recommended by ESMA as a risk management measure for the…
Moody’s Analytics Wins Contract to Fight Financial Crime in European Union
Moody’s Analytics has won a framework contract worth up to €34 million from the European Commission to strengthen its anti-fraud, money laundering and financial crime effort. The four-year contract will be managed by the Commission’s European Anti-Fraud Office (OLAF) and will use the Orbis database operated by Bueau van Dijk, a Moody’s Analytics subsidiary, to…
With Intelligence Plans Growth Acceleration Following Investment by Motive Partners
With Intelligence, a provider of investment data and intelligence for allocating, fund-raising and business development in the public and private markets, has received a majority investment from funds advised by Motive Partners, a private equity firm focused on financial technology. Intermediate Capital Group, which originally invested in With Intelligence in 2020, will invest further alongside…
Capco Partners Pyramid Analytics to Simplify Decision Making
Capco, a Wipro technology and management consultancy dedicated to financial services, has partnered Pyramid Analytics, a business analytics and decision intelligence platform provider, to help financial institutions simplify decision-making through AI-augmented, automated, and collaborative insights. The partnership brings together Capco’s financial services experience and expertise in data and analytics with Pyramid’s strategic, enterprise-wide approach to…
Decision Makers Turn to Cloud-Based Data Management
Some 59% of senior managers and directors in financial services are using cloud-based data for portfolio management. Additional use cases include risk management, collateral management and internal data marketplaces, according to research commissioned by Alveo and conducted in April among investment managers, asset owners, banks and insurance companies across the UK, US and Asia-Pacific. …
Quantexa Invests Additional £125 Million in AI
Quantexa, a provider of decision intelligence solutions, plans to invest an additional £125 million in AI over the next three years to help clients advance the use of AI to protect, optimise, and grow their organisations. In line with the investment, the company has previewed its generative AI technology, Q Assist, and says it will…
Crux Expands Data Partnership with Databricks
Crux, a data integration, transformation, and observability solution, has expanded its partnership with Databricks by adding pre-integration services to its existing Partner Connect integration. The company has worked with its data provider network to make a total of 75 data sources available for consumption in the Databricks Marketplace. With this expansion, a large number of…
Canoe Adds Apliqo Performance Management and Business Planning to Partner Programme
Canoe Intelligence, a provider of alternative investment processes for institutional investors and wealth managers, has added Apliqo, a software provider of advanced performance management and business planning to its partner programme. Based in Zurich, Apliqo offers LP Portfolio Management, an intuitive and dynamic analytics platform for private market investors. Using Canoe’s open APIs, Apliqo pulls…
Financial Services and Markets Act 2023 Makes Progress with Royal Ascent
The Financial Services and Markets Act 2023 has received royal ascent on route to delivering the UK Government’s vision of growing the economy and creating an open, sustainable, and technologically advanced financial services sector. Post-Brexit, the act tailors financial services regulation to fit UK markets and is expected to increase UK competitiveness as a global…
Confluence Sets Out on AI Journey with Reconciliation Solution
Confluence Technologies, a technology solutions provider to the investment management industry, has announced the first development from its innovation lab that leverages AI technology to solve complex industry problems. Confluence Unity Rex applies large language models (LLMs) to solve reconciliation challenges from the SEC’s Tailored Shareholder Reports (TSR). It mines and pinpoints discrepancies in language…
S&P Global Market Intelligence Adds Loan Pricing and Analytics to Capital IQ Pro
S&P Global Market Intelligence, a provider of information services and solutions to global markets, has added loan pricing, analytics and liquidity measures to its S&P Capital IQ Pro platform. This is the latest enhancement resulting from S&P Global’s merger with IHS Markit in 2022.
Latest people
LSEG Appoints Irfan Hussain as Chief Information Officer
The London Stock Exchange Group (LSEG) has announced the appointment of Irfan Hussain as its new Chief Information Officer, with effect from January 2024. Based in New York, Hussain will lead LSEG’s technology division and will be part of the Executive Committee, directly reporting to CEO David Schwimmer. Before joining LSEG, Hussain held prominent positions…
Solidatus Research Suggests ‘Data Distress’ Could Cause Data Leaders to Quit Jobs
Research by Solidatus among 300 senior data leaders in financial services across the UK and US suggests data leaders are experiencing stress in the workplace that could lead them to quit their jobs. Describing the problem as ‘data distress’, the research cites three causes: too many disparate and siloed sources of data; having to establish…
Broadridge Financial Solutions Names Karin Yorfido as President of Broadridge Canada
Broadridge Financial Solutions has appointed Karin Yorfido as president of Broadridge Canada. Yorfido succeeds Michael Dignam, who will become vice chairman of Broadridge Canada and take on an advisory role. Based in Toronto, Yorfido will lead Broadridge’s Investor Communication Solutions (ICS) Canada and Global Technology and Operations (GTO) Canada businesses, reporting to Chris Perry, president…
NeoXam Names Daniel Joseph as Country Lead for Australia
NeoXam has named Daniel Joseph as country head for Australia. His responsibilities include running the Australian office, growing the local team, winning new clients, managing client accounts and developing the NeoXam brand and reputation. Joseph reports to Tim Versteeg, head of sales and general manager of the Asia-Pacific region at NeoXam, and has more than…
Broadridge Names Mike Sleightholme as President of Broadridge International
Broadridge Financial Solutions has appointed Mike Sleightholme as president of Broadridge International. Sleightholme, who is based in London, will be responsible for delivering the company’s capital markets technology and data solutions throughout the EMEA and Asia Pacific regions. Sleightholme first joined Broadridge in 2022 as president of its Asset Management Solutions business where he was…
Industry Veteran John White Sets Up Data Management Advisory Firm, Watchdog Data Services
John White, former CEO of 3d Innovations, the market data products and consultancy organisation, has left the company to establish a new data management advisory firm, Watchdog Data Services, LLC, whose goal is to collaborate with key partners in offering clients a broad level of market data consulting and services. White is a long-term veteran…
ANNA Appoints Cristina Ribó Sörensen as Director, Chair Dan Kuhnel Replaced by Torsten Ulrich
The Association of National Numbering Agencies (ANNA) has appointed a new board director, Cristina Ribó Sörensen. Sörensen will become one of ANNA’s directors on behalf of Spain’s National Securities Markets Commission (CNMV), replacing the seat on the ANNA board held by Euroclear SA/NV’s Dan Kuhnel, who is departing after 18 years as chair of the…
Fiona Bassett to Lead LSEG’s FTSE Russell Index Business
London Stock Exchange Group (LSEG) has announced that Fiona Bassett will join the group as CEO of its FTSE Russell global index business later this summer. She will be based in New York and report to LSEG CEO David Schwimmer. Bassett joins LSEG from DWS Group, where she held the roles of CEO DWS UK…
Delta Capita Names Julian Chesser Regional Head of APAC
Capital markets consulting and managed services provider Delta Capita, has named Julian Chesser as regional head of APAC based in Singapore. Chesser will be responsible for leading all aspects of the business across the APAC region and developing regional strategy for future business expansion. He has over 25 years’ experience in global and regional roles…
Duncan Cooper Takes Role of CDO at Northern Trust Asset Servicing
Duncan Cooper, a data strategy, products and governance expert, has moved on from BNY Mellon to become CDO at Northern Trust Asset Servicing. Cooper joined Northern Trust early this month, having spent two years at BNY Mellon with responsibility for creating and operating the company’s OMNI digital services. During his 25-year career in the financial…
Gresham Technologies Hires Dan Kennedy to drive North America Growth Plans
Gresham Technologies has appointed Dan Kennedy as senior vice president of sales, North America as part of the company’s continued expansion in the market. Based out of Gresham’s New York office, Kennedy will be responsible for all business development, sales, account management and partnering activities in the region. He joins with than 25 years of…
GoldenSource Appoints New Chief Financial Officer to Accelerate Growth
GoldenSource has appointed Derek Apfel as chief financial officer. Based in New York, Apfel will lead finance, operations, HR and corporate development as the company seeks to accelerate global growth following its 2022 acquisition by private equity firm Gemspring Capital. Apfel previously held roles at firms including Citi, Bank of America, and most recently Tilting…
LSEG Bolsters Leadership with New Data & Analytics and Sales & Account Management Executives
LSEG (London Stock Exchange Group) has announced the appointment of Satvinder Singh as Group Head of Data & Analytics and member of the LSEG Executive Committee, effective from 3 July 2023. Reporting to CEO David Schwimmer, Singh will lead LSEG’s global data and analytics businesses, catering to over 40,000 customers across 190 countries, and will…
Peter Serenita Joins Element22 as Advisory Partner
Peter Serenita, one of the first global CDOs in financial services, and chairman of the EDM Council’s board of directors, has joined Element22, a provider of data, data management and analytics solutions and consulting services, as an advisory partner. His role will include collaborating with Element22’s clients on a variety of projects using his knowledge…
Niresh Rajah Moves on From Grant Thornton to Take CDO Role at Danske Bank
Niresh Rajah, currently managing director and head of the digital, data and RegTech practice at Grant Thornton in the UK, will join Danske Bank as CDO and a member of the technology and services leadership team with effect from 17 April 2023. Rajah will work with Danske Bank COO and member of the executive leadership…
Featured
FEATURED WEBINAR
Upcoming Webinar: How to ensure efficient, accurate, timely and compliant entity data management
Date: 29 November 2023 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Requesting, gathering, analysing and monitoring customer, vendor and partner entity data is a time-consuming, and often a manual process. These aspects can slow down customer relationships and can expose financial institutions to risk from inaccurate, incomplete or outdated data…
FEATURED EVENT
ESG Data & Tech Summit London
The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.
FEATURED GUIDE
ESG Handbook 2023
The ESG Handbook 2023 edition is the essential guide to everything you need to know about ESG and how to manage requirements if you work in financial data and technology. Download your free copy to understand: What ESG Covers: The scope and definition of ESG Regulations: The evolution of global regulations, especially in the UK…
Top White Papers
The Evolution of Enterprise Data for ESG
Until recently, ESG data was regarded as a peripheral concern among data managers. Today, it is a vital part of an institution’s operations, needed by front- and back-office teams, putting huge new responsibilities on chief data and sustainability officers. Incorporating this new generation of data into institutions’ infrastructures, however, has been a challenge. Many on-prem...
Solving the Enterprise Data Challenge for Institutional Investors
Institutional investors are evolving under pressure from a range of emergent externalities that are prompting many to assume new roles and processes, some of which have traditionally been the preserve of asset managers. Enabled by data-led technology, they are making more direct investments and managing their portfolios in-house. At the same time, they are streamlining...
How Banks Harness the Value of Cloud for Scale and Agility
Financial services are recognizing the benefits that data-led processes can bring and are undergoing digital transformations that are putting data at the heart of their operations and decisions-making processes. They are seizing on data as an asset whose value can be unlocked through technology to increase revenue and reduce costs across the entire enterprise. With...
Events and webinars
Recorded Webinar: S&P Recorded Webinar: Confidence and Clarity – Understanding Valuation Risk
This recorded webinar will help you to understand how valuations and pricing have evolved over the last couple of years in the post-crisis environment. In this session, you will hear different perspectives on how market participants have been tackling the valuation risk challenge from Paul Sharkey of Northern Trust, James Dimech Debono of KPMG, and...
Recorded Webinar: Ideas at the Edge – Managing Risk Information in the Siloed Enterprise
This webinar has passed, but you can view the recording here. Risk management has been accepted as the new imperative for financial institutions of all types and sizes. But for Tier 1 and Tier 2 banks and brokerages, the complexity of their organisations is presenting risk professionals with a thorny data management challenge: How to...
Recorded Webinar: What the LEI Means for your Firm
This webinar has passed, but you can view the recording here. This A-Team Webinar looks at the implications of the emerging legal entity identifier (LEI) for financial institutions as they address how to implement the new standard, and offers suggestions on best practices as the LEI becomes available. The industry initiative to develop and promote...
Awards
A-Team Innovation Awards
Introducing winners of the A-Team Innovation Awards 2023. These awards celebrate successful projects within financial institutions (both with vendor support and without) across the financial enterprise.
